Karate2769 Karate2769

04-11-2022
Business

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on february 3, smart company sold merchandise in the amount of $4,300 to truman company, with credit terms of 3/10, n/30. the cost of the items sold is $2,970. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8 and takes the appropriate discount. the journal entry that smart makes on february 8 is:

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